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20121127
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about the idea of going off the fiscal cliff. alan krueger, the chairman of president obama's economic advisers, he spoke about what would happen if we go off this so-called fiscal cliff. in this report put out by the white house, american consumers will spend 200 billion less in 2013 if the fiscal cliff is not averted according to this white house report. jay carney went on to say in this press briefing that president obama believes and understands that in order to achieve a deal, a compromise, that everybody has to make tough choices and he remains committed. but this is what he said about social security -- the white house is less interested in tackling the rising costs of social security during the current talks. so that is what is the latest coming out of the white house on the fiscal cliff talks. the two sides not scheduled to meet face to face. as you heard from the prevent of the congressional leaders are the weekend and the two sides separately meeting this week in washington with business leaders and as we said, unions are planning protests on capitol hill. a lot to talk abou
and the obama administration. why? all over their response to the attack in benghazi. well, today both sides came face to face. you are about to hear what happened inside that meeting and why those senators are not satisfied today. but, first, the urgent situation that has everyone's attention, members of the house, they're officially back to work as of right now, this hour. senators returned to washington yesterday. so everyone finally on the job after their week long thanksgiving break. that gives congress and the president, count it with me, 35 days to avoid the dreaded fiscal cliff, the huge package of tax hikes and spending cuts set to take effect january 1 if congress and the president do not cut a deal. we're told they have been talking behind the scenes and president obama has already hosted congressional leaders for a post election sit-down. but the president is also launching a new pr effort, a campaign, some are calling it here, starting with the white house meeting today, of small business owners. then tomorrow, the president hosts more business owners and a group of middle class
. >> it is worth it. three weeks after his reelection, majority of americans approve of the job president obama's doing in office. at 52%, it's the highest approval marks the president has received from the cnn/orc survey since may. a majority of people say his experience over the first four years will make him a better president in the second term. there is measured optimism, however, about the future. 56% believe the country will be better off four years from now, compare that to four years ago when 76% felt that way. >>> moving on now, governor chris christie is getting ready for a second term. the republican governor has filed paperwork to run for reelection. christie currently enjoys a record high approval rating from -- following his hands on response to hurricane sandy. before the storm, 56% of registered voters in the garden state approved of the job he was doing after sandy, they were surveyed again giving the governor -- >> look at these numbers. >> 77%. >> willie, you're a new jersey guy. new jersey native. i'm sure you can't remember a governor having a 77% approval rating, a republ
and i believe at this particular time he's meeting with the president right now. president barack obama, and we look forward working with our mexican counterparts to make sure that we keep in mind that a secured strong prosperous mexico is in the best interest of the united states. mexico is not an enemy but it is a friend of the united states. and i think both benny thompson has been down to the border and michael mccaul has been down to the border. the rio grande does not unite the two countries but unites us together. also to the family of jamie zapata, losing a son is very, very difficult. and, again, we want to thank the family for providing this strong hero in a we can say jamie zapata was truly a hero of the united states. so members, i urge all my colleagues to support this bill by voting aye on h.r. 915. and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from texas has announced that he's prepared to close and reserves. the gentleman from mississippi. mr. thompson: thank you, mr. speaker.
to "power lunch." it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today
of inequality that you have written about in your book? and will the election results give president obama a mandate to do just that? >> i think it should be part of the discussion. the argument sometimes from conservatives, and also from not just the 1%, but the 0.1%, is, does it make sense to focus on the rich if there is not that much revenue there? actually, i think so much money is concentrated at the top of the income distribution, there is money to be had. but equally important hit a sense of fairness. as warren buffett has pointed out, the fact that he pays taxes at an effective rate much lower to that -- much lower than that of lower-income americans, makes it hard to look at this as a shared sacrifice. >> and republicans argue that the wealthy are job creators and they may not be able to stimulate the economy as much as a mite -- as they might. >> absolutely, that is their argument and one buffett argued that this is a great opportunity -- and warren buffett argued that if there is a great opportunity, people will not turn it down because the tax rate is not lower. what we have s
. and that the size of the fed asset purchases is abnormal. meanwhile the white house says president obama called house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the
to the same argument creating a bond. you are together for a long time. i hope president obama appoints another to the court, and work together for another 25 years. i said that once to justice kagan, and she said, only 25? [laughter] she's younger than i am. you learn to get along and know you work on a common enterprise. the level of the institution, the extent to which the justices have a collegial relationship with each other. >> two things to follow-up with a flip question. anything that unpleasantly surprised you since joining the court? >> yes. i'll limit that to one though. [laughter] "unpleasant" is the wrong word. i have a fair amount of responsibilities. the court is the highest in the land. it is a small government of the agency, people fall on the front steps, and you need the right computers of the court. we completed a renovation of the court involving a lot of administrative concerns. if you visit washington and visit the court, you wonder why the front is obscured by the scrim. it's like a sheet, and, well, the chunks of marble fell off of it. it's a huge enterprise to
.s. consulate in libya, one that could affect who president obama nominates as his next secretary of state. nbc white house correspondent chuck todd has the latest on this story. chuck, good morning to you. >> reporter: well, the woman who could be president obama's pick to replace hillary clinton as secretary of state, u.n. ambassador susan rice. she's going to capitol hill today for some closed door meetings with republican senators, including some of her toughest critics like john mccain as she attempts to explain her comments about the benghazi terrorist attacks, a move that could also signal the president is planning to go ahead with rice's susan rice heads to capitol hill today where along with the acting cia director, she'll meet with three of her toughest republican critics to do damage control, a move that could pave the way for rice's nomination for secretary of state. at issue, rice's initial incorrect explanation of the september 11th terrorist attack in benghazi. >> this is a spontaneous reaction to a video. >> reporter: when rice's name was first floated for secretary of state, go
Search Results 0 to 8 of about 9